A euro-area services and factory output gauge increased more than economists forecast in May, adding to signs the currency bloc is starting to emerge from its record-long recession.

Three months later, the German defense ministry's undersecretary of state didn't sound as convinced when questioned in Germany's parliament.

Yen rises versus dollar, euro as Nikkei tumbles. * Worries Fed may taper QE, weak China PMI hit stocks. * Euro helped somewhat by PMI data, still vulnerable.

The euro lies at the root of Europe�s record unemployment rate and countries such as Spain and Greece should quit the common currency to return to economic health, said the head of Germany�s fledgling anti-euro party. Southern European countries can�t ...

In the grip of its longest recession and battling problems from soaring youth unemployment to bank credit stagnation, the eurozone has more than enough to worry about as it is.

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Earlier today, European Central Bank commissioner Ewald Nowotny warned that the euro zone recession in 2013 could be even worse than the -0.1% growth expected.

NEW YORK, May 22 (Reuters) - The dollar fell against the euro for a third day on Wednesday as investors trimmed their bets on the currency before testimony from the U.S.

The Yankees are open to the idea of going nine innings across the pond at Man City's home stadium, team president Randy Levine told the London Telegraph.

�Euro Crisis: Matthew Higgins and Thomas Klitgaard examine foreign borrowing in the euro zone periphery. �Periphery countries have suffered painful contractions weaning themselves from foreign borrowing.